Beacon Communities Acquires Development Site In South Boston For $78.8M

A development site located at 25 James O’Neil Street in South Boston, MA has recently been involved in a closed transaction. The property, owned by Beacon Communities LLC and Boston Housing Authority, has a total of 845 units. The loan amount for the transaction was $78,800,000, provided by masshousing''>MassHousing and Chrystal Kornegay.

Summary of transaction details

• Property Type: Development Site
• Transaction Amount: $78,800,000
• Address: 25 James O’Neil Street, South Boston, MA
• Market: South Boston, MA
• Units: 845
• Developer: Beacon Communities LLC – Darcy L. Jameson, Boston Housing Authority
• Lender: MassHousing – Chrystal Kornegay

The deal was facilitated by Chrystal Kornegay of MassHousing, representing the lender, and Darcy L. Jameson of Beacon Communities LLC and Boston Housing Authority, representing the developer. The transaction marks an important milestone for the development site, bringing new opportunities to the South Boston market.